Taliban hands over seized cash, gold to Afghan central bank

12

Kabul, Sep 16 | The Taliban has handed over about $12.3 million cash and some gold to Da Afghanistan Bank (DAB), the country’s central bank, a statement said on Thursday.

The cash and gold bars found from the houses of former administration’s officials and local offices of former government’s intelligence agency have been returned to Da Afghanistan Bank’s treasury, Xinhua news agency quoted the statement as saying.

“The officials of Islamic Emirate of Afghanistan by handing over the assets to national treasury proved their commitment to transparency,” it added.

The statement also said that Mohammad Idrees, acting governor of the central bank, has assured the safety of Afghans’ deposits in commercial banks.

“Da Afghanistan Bank assures our countrymen that all commercial banks operating in the country are under serious supervision and are conducting their operations better than before. The banks are completely secure,” Idrees was quoted as saying.

All commercial banks in the region and the world usually keep 10 per cent of their capital as cash and use the remainder in various commercial activities and provide useful services to their people, the statement said.

“Commercial banks in Afghanistan, on average, keep 50 per cent of the afghani and foreign currency with them. Therefore, the banking sector is in a good condition.

“These banks have invested a certain amount of money inside the country and abroad to play a useful role in the economic growth of Afghanistan,” the Governor added.

The statement came as thousands of customers are trying withdraw their savings since the Taliban’s takeover in mid-August.

Reports of freezing Afghanistan’s bank assets by the US as well as a halt of funds by the World Bank and the International Monetary Fund (IMF) have fueled concerns among Afghans.

On August 28, the central bank issued an order to all banks in the country, setting a temporary limit of withdrawals of $200 or 20,000 afghani for one customer every week.

Source: IANS

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

Next Story

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

LEAVE A REPLY

Please enter your comment!
Please enter your name here